You call it decentralized finance. I call it decentralized consequences.Satoshi Nakamoto (not really)
DeFi: where the gains are decentralized and the losses are very, very personal.
The Real Bitcoin Concept
DeFi (Decentralized Finance)
Decentralized finance, or DeFi, refers to financial services built on blockchain networks that operate without banks or brokers. Starting around 2020, DeFi protocols let users lend, borrow, and trade crypto assets through smart contracts. At its peak, over $180 billion was locked in DeFi protocols. It also produced some of crypto's most spectacular failures, with billions lost to hacks, exploits, and rug pulls.
THE SATOSHI TAPES
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